Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits; Correction, 772-773 [E9-141]
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Federal Register / Vol. 74, No. 5 / Thursday, January 8, 2009 / Rules and Regulations
subject to the EAR (except for
agricultural commodities, medicine, or
medical devices, classified as EAR99
and destined for entities whose property
and interests in property are blocked
pursuant to Executive Orders 13310,
13448 or 13464) to—
(i) Persons listed in the Annexes to
Executive Order 13310 of July 28, 2003,
Executive Order 13448 of October 18,
2007 or Executive Order 13464 of April
30, 2008; or
(ii) Persons designated pursuant to
Executive Order 13310, Executive Order
13448 or Executive Order 13464.
erowe on PROD1PC63 with RULES
Note to paragraph (a)(1): All persons listed
in or designated pursuant to Executive
Orders 13310, 13448, or 13464 are identified
with the reference [BURMA] on OFAC’s list
of Specially Designated Nationals and
Blocked Persons set forth in Appendix A to
31 CFR Chapter V and on OFAC’s Web site
at https://www.treas.gov/OFAC. Consistent
with guidance issued by OFAC on February
14, 2008, a person whose property and
interests in property are blocked pursuant to
an Executive Order or regulations
administered by OFAC is considered to have
an interest in all property and interests in
property of an entity in which it owns,
directly or indirectly, a 50% or greater
interest. The property and interests in
property of such an entity are blocked,
regardless of whether the entity itself is listed
in the annex to an Executive order or
otherwise designated pursuant to such order.
The OFAC guidance on this topic is available
at https://www.treas.gov/offices/enforcement/
ofac/programs/common/
licensing_guidance.pdf.
(2) To avoid duplication, U.S. persons
are not required to seek separate BIS
authorization for an export, reexport, or
transfer to a person identified in
paragraph (a) of this section of any item
subject to both the EAR and regulations
maintained by OFAC. Therefore, if
OFAC authorizes an export from the
United States or an export, reexport, or
transfer by a U.S. person to a person
identified in paragraph (a) of this
section, no separate authorization from
BIS is necessary.
(3) U.S. persons must seek
authorization from BIS for the export,
reexport, or transfer to a person
identified in paragraph (a) of this
section of any item subject to the EAR
(except for agricultural commodities,
medicine, or medical devices, classified
as EAR99 and destined for entities
whose property and interests in
property are blocked pursuant to
Executive Orders 13310, 13448 or
13464) but not subject to regulations
maintained by OFAC.
(4) Non-U.S. persons must seek
authorization from BIS for the export
from abroad, reexport, or transfer to a
person identified in paragraph (a) of this
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13:39 Jan 07, 2009
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section of any item subject to the EAR
(except for agricultural commodities,
medicine, or medical devices, classified
as EAR99 and destined for entities
whose property and interests in
property are blocked pursuant to
Executive Orders 13310, 13448 or
13464).
(5) Any export, reexport, or transfer to
a person identified in paragraph (a) of
this section by a U.S. person of any item
subject both to the EAR and regulations
maintained by OFAC and not
authorized by OFAC is a violation of the
EAR.
(6) Any export, reexport, or transfer
by a U.S. person to a person identified
in paragraph (a) of this section of any
item subject to the EAR (except for
agricultural commodities, medicine, or
medical devices, classified as EAR99
and destined for entities whose property
and interests in property are blocked
pursuant to Executive Orders 13310,
13448 or 13464) that is not subject to
regulations maintained by OFAC and
not authorized by BIS is a violation of
the EAR. Any export from abroad,
reexport, or transfer by a non-U.S.
person to a person identified in
paragraph (a) of this section of any item
subject to the EAR (except for
agricultural commodities, medicine, or
medical devices, classified as EAR99
and destined for entities whose property
and interests in property are blocked
pursuant to Executive Orders 13310,
13448 or 13464) and not authorized by
BIS is a violation of the EAR.
(7) These licensing requirements
supplement any other requirements set
forth elsewhere in the EAR.
(b) Exceptions. No License Exceptions
or other BIS authorizations are available
for export, reexport, or transfer to a
person identified in paragraph (a) of this
section of any item subject to the EAR
(except for agricultural commodities,
medicine, or medical devices, classified
as EAR99 and destined for entities
whose property and interests in
property are blocked pursuant to
Executive Orders 13310, 13448 or
13464).
(c) Licensing policy. Applications for
licenses for the export, reexport, or
transfer to a person identified in
paragraph (a) of this section of any item
subject to the EAR (except for
agricultural commodities, medicine, or
medical devices, classified as EAR99
and destined for entities whose property
and interests in property are blocked
pursuant to Executive Orders 13310,
13448 or 13464) will generally be
denied. You should consult with OFAC
concerning transactions subject to
OFAC licensing requirements.
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(d) Contract sanctity. Contract
sanctity provisions are not available for
license applications reviewed under this
section, except as available under 31
CFR 537.210(c).
Dated: January 2, 2009.
Christopher R. Wall,
Assistant Secretary for Export
Administration.
[FR Doc. E9–127 Filed 1–7–09; 8:45 am]
BILLING CODE 3510–33–P
PENSION BENEFIT GUARANTY
CORPORATION
29 CFR Part 4044
Allocation of Assets in SingleEmployer Plans; Interest Assumptions
for Valuing Benefits; Correction
AGENCY: Pension Benefit Guaranty
Corporation.
ACTION: Correcting amendment.
SUMMARY: The Pension Benefit Guaranty
Corporation published in the Federal
Register of December 29, 2008, a final
rule amending its regulation on
Allocation of Assets in Single-Employer
Plans to adopt interest assumptions for
plans with valuation dates in the first
quarter of 2009. This document corrects
inadvertent errors in that final rule.
DATES: Effective January 8, 2009.
Applicability date: January 1, 2009.
FOR FURTHER INFORMATION CONTACT:
Catherine B. Klion, Attorney, Legislative
and Regulatory Department, Pension
Benefit Guaranty Corporation, 1200 K
Street, NW., Washington, DC 20005,
202–326–4024. (TTY/TDD users may
call the Federal relay service toll-free at
1–800–877–8339 and ask to be
connected to 202–326–4024.)
SUPPLEMENTARY INFORMATION: The
Pension Benefit Guaranty Corporation
published a document in the December
29, 2008, Federal Register (73 FR
79362), amending its regulation on
Allocation of Assets in Single-Employer
Plans (29 CFR part 4044) to adopt
interest assumptions for plans with
valuation dates in the first quarter of
2009. This document corrects
inadvertent errors in the January,
February, and March 2009 entries to
Appendix B to part 4044. (There were
no corresponding errors in the preamble
to the document.)
List of Subjects in 29 CFR Part 4044
Employee benefit plans, Pension
insurance, Pensions.
■ Accordingly 29 CFR part 4044 is
corrected by making the following
correcting amendments:
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773
Federal Register / Vol. 74, No. 5 / Thursday, January 8, 2009 / Rules and Regulations
Authority: 29 U.S.C. 1301(a), 1302(b)(3),
1341, 1344, 1362.
PART 4044—ALLOCATION OF
ASSETS IN SINGLE-EMPLOYER
PLANS
March 2009, as set forth below, to read
as follows:
2. In appendix B to part 4044, correct
the entries for January, February, and
Appendix B to Part 4044—Interest
Rates Used to Value Benefits
■
1. The authority citation for part 4044
continues to read as follows:
■
*
*
*
*
*
The values of it are:
For valuation dates occurring in the month—
it
*
*
*
*
January 2009 ....................................................................................................................
February 2009 ..................................................................................................................
March 2009 .......................................................................................................................
Issued in Washington, DC, on this 5th day
of January 2009.
Vincent K. Snowbarger,
Deputy Director for Operations, Pension
Benefit Guaranty Corporation.
[FR Doc. E9–141 Filed 1–7–09; 8:45 am]
BILLING CODE 7709–01–P
DEPARTMENT OF HOMELAND
SECURITY
Federal Emergency Management
Agency
44 CFR Part 64
[Docket ID FEMA–2008–0020; Internal
Agency Docket No. FEMA–8057]
Suspension of Community Eligibility
erowe on PROD1PC63 with RULES
AGENCY: Federal Emergency
Management Agency, DHS.
ACTION: Final rule.
SUMMARY: This rule identifies
communities, where the sale of flood
insurance has been authorized under
the National Flood Insurance Program
(NFIP), that are scheduled for
suspension on the effective dates listed
within this rule because of
noncompliance with the floodplain
management requirements of the
program. If the Federal Emergency
Management Agency (FEMA) receives
documentation that the community has
adopted the required floodplain
management measures prior to the
effective suspension date given in this
rule, the suspension will not occur and
a notice of this will be provided by
publication in the Federal Register on a
subsequent date.
DATES: Effective Dates: The effective
date of each community’s scheduled
suspension is the third date (‘‘Susp.’’)
listed in the third column of the
following tables.
FOR FURTHER INFORMATION CONTACT: If
you want to determine whether a
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13:39 Jan 07, 2009
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*
0.0602
0.0602
0.0602
particular community was suspended
on the suspension date or for further
information, contact David Stearrett,
Mitigation Directorate, Federal
Emergency Management Agency, 500 C
Street, SW., Washington, DC 20472,
(202) 646–2953.
SUPPLEMENTARY INFORMATION: The NFIP
enables property owners to purchase
flood insurance which is generally not
otherwise available. In return,
communities agree to adopt and
administer local floodplain management
aimed at protecting lives and new
construction from future flooding.
Section 1315 of the National Flood
Insurance Act of 1968, as amended, 42
U.S.C. 4022, prohibits flood insurance
coverage as authorized under the NFIP,
42 U.S.C. 4001 et seq.; unless an
appropriate public body adopts
adequate floodplain management
measures with effective enforcement
measures. The communities listed in
this document no longer meet that
statutory requirement for compliance
with program regulations, 44 CFR part
59. Accordingly, the communities will
be suspended on the effective date in
the third column. As of that date, flood
insurance will no longer be available in
the community. However, some of these
communities may adopt and submit the
required documentation of legally
enforceable floodplain management
measures after this rule is published but
prior to the actual suspension date.
These communities will not be
suspended and will continue their
eligibility for the sale of insurance. A
notice withdrawing the suspension of
the communities will be published in
the Federal Register.
In addition, FEMA has identified the
Special Flood Hazard Areas (SFHAs) in
these communities by publishing a
Flood Insurance Rate Map (FIRM). The
date of the FIRM, if one has been
published, is indicated in the fourth
column of the table. No direct Federal
financial assistance (except assistance
PO 00000
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for t =
it
1–20
1–20
1–20
*
0.0548
0.0548
0.0548
for t =
>20
>20
>20
it
*
N/A
N/A
N/A
for t =
N/A
N/A
N/A
pursuant to the Robert T. Stafford
Disaster Relief and Emergency
Assistance Act not in connection with a
flood) may legally be provided for
construction or acquisition of buildings
in identified SFHAs for communities
not participating in the NFIP and
identified for more than a year, on
FEMA’s initial flood insurance map of
the community as having flood-prone
areas (section 202(a) of the Flood
Disaster Protection Act of 1973, 42
U.S.C. 4106(a), as amended). This
prohibition against certain types of
Federal assistance becomes effective for
the communities listed on the date
shown in the last column. The
Administrator finds that notice and
public comment under 5 U.S.C. 553(b)
are impracticable and unnecessary
because communities listed in this final
rule have been adequately notified.
Each community receives 6-month,
90-day, and 30-day notification letters
addressed to the Chief Executive Officer
stating that the community will be
suspended unless the required
floodplain management measures are
met prior to the effective suspension
date. Since these notifications were
made, this final rule may take effect
within less than 30 days.
National Environmental Policy Act.
This rule is categorically excluded from
the requirements of 44 CFR part 10,
Environmental Considerations. No
environmental impact assessment has
been prepared.
Regulatory Flexibility Act. The
Administrator has determined that this
rule is exempt from the requirements of
the Regulatory Flexibility Act because
the National Flood Insurance Act of
1968, as amended, 42 U.S.C. 4022,
prohibits flood insurance coverage
unless an appropriate public body
adopts adequate floodplain management
measures with effective enforcement
measures. The communities listed no
longer comply with the statutory
requirements, and after the effective
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08JAR1
]]>Agencies
[Federal Register Volume 74, Number 5 (Thursday, January 8, 2009)]
[Rules and Regulations]
[Pages 772-773]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-141]
=======================================================================
-----------------------------------------------------------------------
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Part 4044
Allocation of Assets in Single-Employer Plans; Interest
Assumptions for Valuing Benefits; Correction
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Correcting amendment.
-----------------------------------------------------------------------
SUMMARY: The Pension Benefit Guaranty Corporation published in the
Federal Register of December 29, 2008, a final rule amending its
regulation on Allocation of Assets in Single-Employer Plans to adopt
interest assumptions for plans with valuation dates in the first
quarter of 2009. This document corrects inadvertent errors in that
final rule.
DATES: Effective January 8, 2009.
Applicability date: January 1, 2009.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Attorney,
Legislative and Regulatory Department, Pension Benefit Guaranty
Corporation, 1200 K Street, NW., Washington, DC 20005, 202-326-4024.
(TTY/TDD users may call the Federal relay service toll-free at 1-800-
877-8339 and ask to be connected to 202-326-4024.)
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
published a document in the December 29, 2008, Federal Register (73 FR
79362), amending its regulation on Allocation of Assets in Single-
Employer Plans (29 CFR part 4044) to adopt interest assumptions for
plans with valuation dates in the first quarter of 2009. This document
corrects inadvertent errors in the January, February, and March 2009
entries to Appendix B to part 4044. (There were no corresponding errors
in the preamble to the document.)
List of Subjects in 29 CFR Part 4044
Employee benefit plans, Pension insurance, Pensions.
0
Accordingly 29 CFR part 4044 is corrected by making the following
correcting amendments:
[[Page 773]]
PART 4044--ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
0
1. The authority citation for part 4044 continues to read as follows:
Authority: 29 U.S.C. 1301(a), 1302(b)(3), 1341, 1344, 1362.
0
2. In appendix B to part 4044, correct the entries for January,
February, and March 2009, as set forth below, to read as follows:
Appendix B to Part 4044--Interest Rates Used to Value Benefits
* * * * *
----------------------------------------------------------------------------------------------------------------
The values of it are:
For valuation dates occurring in the month-- -----------------------------------------------------
it for t = it for t = it for t =
----------------------------------------------------------------------------------------------------------------
* * * * * * *
January 2009.............................................. 0.0602 1-20 0.0548 >20 N/A N/A
February 2009............................................. 0.0602 1-20 0.0548 >20 N/A N/A
March 2009................................................ 0.0602 1-20 0.0548 >20 N/A N/A
----------------------------------------------------------------------------------------------------------------
Issued in Washington, DC, on this 5th day of January 2009.
Vincent K. Snowbarger,
Deputy Director for Operations, Pension Benefit Guaranty Corporation.
[FR Doc. E9-141 Filed 1-7-09; 8:45 am]
BILLING CODE 7709-01-P
